PPD (NASDAQ:SDGR)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $43.69, but opened at $47.62. PPD shares last traded at $50.00, with a volume of 7,124,500 shares trading hands.

In related news, insider James E. Flynn acquired 250,000 shares of the stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $28.94 per share, for a total transaction of $7,235,000.00.

About PPD (NASDAQ:SDGR)

Schrödinger, Inc provides computational platform to accelerate drug discovery and materials design for biopharmaceutical and industrial companies, academic institutions, and government laboratories worldwide. The company operates through two segments, Software and Drug Discovery. It segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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